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It has been only 15 days since the government launched the Rs 23,000 crore Electronic Component Manufacturing Scheme (ECMS) and in the meantime the government has received 70 applications. Union minister Ashwini Vaishnav informed that the industry has received a very positive response to this scheme and the number of applications is increasing continuously.
MSMEs have the highest share
Union minister Vaishnav said that out of these 70 applications, about 80 percent of the applications have come from small and medium enterprises (MSMEs). This in itself shows that India’s MSME sector is seeing opportunities in the government’s scheme and they are now ready to enter the field of electronic manufacturing on a large scale.
Big names also in the race
Although the government has not officially disclosed the names of the companies, but according to sources, giants like Tata Electronics, Foxconn, and Dixon Technologies have also shown interest in this scheme. It is clear from this that not only small but also big players are taking the scheme seriously.
Efforts to fill the increasing demand and supply gap
This scheme has been started especially in view of the huge demand and lack of supply of electronic components in India. According to Elcina (Electronic industries Association of India), if steps are not taken now, then by the year 2030, india may have to import components worth about $ 248 billion (21 lakh crores). This scheme is a big effort towards reducing this import-dependence.
What is there for whom in the scheme?
A total budget of Rs 22,805 crore has been kept under ECMS. Out of this, Rs 21,093 crore is for sub-assembly products, such as camera modules, multi-layered printed circuit boards (PCBs), flexible PCBs and passive components. Rs 1,712 crore is kept for machines and equipment that are used in the manufacture of these components.
Categories of the scheme and application time limit
The government has divided the scheme into four categories-
Category A: Display modules, camera modules
Category B: Non-SMD components, batteries, enclosures for mobile/IT hardware
Category C: Flexible PCBs, SMD passive components
Category D: All components and capital goods used in A, B, and C.
Of these, applications for A, B, and C categories will be open for 3 months starting from May 1, while applications for D category will remain open for 2 years.
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